The Financial Services Authority has recommended that advisers contact their clients about the single pensions tax regime coming into force in April 2006.
Although there was nothing in the rules about letting clients know about pension simplification, they recommend that IFA's who 'wished to be seen working in the spirit of the Financial Services Authority's 'Treating Customers Fairly' drive', write to their clients advising them that they might be affected by 'A-Day'.
Our view
We already have our warning published as well as a planned marketing campaign.